Nzd/cad

Take a look to the NZD/CAD. It just took a reversal on a 4 year trend-line. I think thats something you should not ignore.

Here is the chart:


take a look at the nzd cad now, going back up?

I actually was lookin at this chart from my phone… I Didn’t notice the time stamp until after I analyzed the chart on my computer… Thankfully!! This is a trade to watch right now. we saw a rebound at the .382 level. With the quick jump down. I’ll be in the trade on open for about 40 pips.

But again, with how quickly that formation jumped from the D leg… Might be on it’s way down further! :smiley: thanks even though this was from a while back… hahaha.

not a problem, thankyou for your analysis, i am currently in the trade (long) right now expecting 50 pips or so but looking for a 100 pip but that might be wishful thinking,
take care.

Hopefully you hit your mark, junco… That bounce ended up being pretty hefty… Nice trade